1. Words said and allegations made while in the opposition carries a very different weight now that you are in power and holding the positions of the Finance Minister or the Prime Minister.

2. Coming out to say that our country's government debt to GDP is now 65%, which is a big jump from the official 50.9% figure and saying that our debt is now RM1 trillion without giving any details of what you mean will just unsettle the financial markets, alarm the credit rating agencies and investors confidence in our institutions such as our Bank Negara Malaysia.

3. There must be a clear distinction between political narrative and facts. Mixing them will create doubts on the credibility of our numbers and the professionalism of the institutions that were involved in preparing them, governed by Malaysians laws and international standards.

4. As a result of these alarming and confusing statements, our Bursa Malaysia index fell the most among all worldwide stock markets resulting in tens of billions of ringgit in market value wiped out in one day. Our Bursa index fell 40.78 points today or 2.21% while the Indonesian stock index added 0.71%.

5. The business news-portal The EdgeMarkets said this sharp fall in our share market was contributed by concern on our public debt.

Surely this fall would affect our funds such as EPF and PNB and could lower the dividend rates for its members for the year.

6. Similarly, issuing statements that we should not worry about our country's sovereign credit ratings being downgraded will result in further rocking the confidence in our institutions.

7. A downgrade will result in higher debt financing costs of RM10 billion per year to our country and may result in our banks who had borrowed from the international markets to sustain losses. It may also result in large capital outflows from foreign investors and cause our Ringgit to weaken.

8. While you may want to slander and put all the blame on me to give a perception of a dire financial position to justify why you cannot deliver on your manifesto promises and to massively cut the civil service, you must remember that the country and our people comes first.

9. You can also issue misleading statements on 1MDB or tell half the story about it to blame me but the time to play politics is over.

10. Words spoken while in such positions of power result in actual losses to the country and the people, as was proven today in the stock market. It is no longer just about votes anymore.

61 comments:

Jib is so delusional. He did off balance sheet debt (creative accounting) so that our debt is below 55% GDP cap and now angry when his auta is out in the open. His middle name must be LIAR. Liar liar pants on fire.

Still telling lies as the truth is revealed.He and his cronies steal lie and cheat. Are now starting to be exposed and he still tries to maintain this delusional fiction that the money is not missing that some fake Arab gave him the money.

If you talk to any stranger on the street they will tell you that the whole of Malaysia is waiting with bated breath for him and his Umno Cronies to be issued with Orange Jumpsuits and for the enforced disgorgement of the stolen funds.

I think tun knows his all his announcement will make market jitter and fall. He did manage the country for 22 years and he is not naive on how to manage bad news. I think there is a another strategy in progress by the old man. Why is najib worry about the market?. Does he have something valuable to lose with the market fall?. When you have no money access and your are stock price dropping. Soon margin call come calling.Stock price drop aonly personal wealth are affected and usually temporary in nature. Market will alway be there.

Please what najib does is for himself. He his greedy in nature. Look at the size of the loot this guy absconded. It is enough to support hundreds of years. That is shear greed. So statement he make is only to proctect his wealth. Why does he worry for the stock market?.

Annie, only those in denial will believe the former PM's words. Even that Manchester fella have toned down his fairy tales. Even Lim Sian See report have stopped. Only bloggers like that disgusting one who shall not be named, third force, unspinners ... are still living in la-la land. You want to join them?

Annie, Arul Kanda have responded to Lim GE remarks about 1MDB:https://www.malaymail.com/s/1634373/arul-kanda-wrongdoings-already-there-when-i-joinedBasically, he did not dispute the facts. He only objected to "remarks about his character" which should be the "utterly dishonest and untrustworthy” statement.

Anakonda...."rationalization"....is code word kelentong Bank Negara to pay debt/interest of 1MDB.....nextweek hutang also cannot bayar already...still want to kelentong much....Najib the finance minister been signing and signing to pay interest debt...lawak, 1MDB has 1 employee...and that 1 employee is a CEO himself Anakonda....no wonder Rocky Bru says Anakonda is the hardest working man in Malaysia during the election...1 person doing all 1MDB job...CEO is him, CFO is him, clean the 1MDB office toilet also himself...

I had long argument last year about whether Amokh (Azman Mokhtar) would allow Jibby to steal direct from Khazanah.

My friend said trust Amokh, he will protect us.

Well, he was wrong:

"KUALA LUMPUR: The government of former prime minister Najib Razak used money raised from a deal with sovereign wealth fund Khazanah Nasional Bhd to pay for some of the liabilities of state fund 1MDB, two sources told Reuters.

Khazanah paid the government RM1.2 billion (US$301.05 million) in mid-2017 in exchange for redeemable shares that the finance ministry owned, the sources said, adding that the funds were used to pay some of 1MDB’s dues to Abu Dhabi fund IPIC.

1MDB had agreed to pay US$1.2 billion to IPIC as part of a settlement agreement reached in April 2017 after 1MDB defaulted on its bonds.

The finance ministry did not immediately respond to requests for comment."

Wow..Najib still spinning as all dirts are coming out. You can’t expect our government to hide the real info because it is difficult to hide. The US is now saying Najib using Khazanah, BankNegara to pay 1MDB debts. More are coming . No way to hide, Arul Kanda can spin whatever he wants but he can’t get out of this easy. He has got to pay or maybe a person like him will sellout his bosses for his own safety.

"I have reached the end of my life. I only want to end the remaining part of it by obeying and bowing down to Allah.

Nonetheless I am still able to concentrate in my loneliness when I close my eyes, I see my fellow citizens being ill treated.

I see the rights of the young generation being robbed by the hands of greed directed by Satan.

I know I have to do something. I am not one who will keep quiet, folding my arms watching all these happenings by those who have no feeling of guilt.

Oh Allah , I know why you have lengthen my life with your mercy and compassion till this age of 93 that I still stand strong, healthy and able to think sharp and spirited in facing my last battle.

Thank you Allah with Your permission, I have been able to protect the rights of the people and bring down the culprits. Pray after this I would be able to close my eyes with peace of mind that my soul will meet You my Creator, in peace.

My one wish is not to have my name praised or myself eulogised after my passing. There's no need to mention about me after my passing. I treat what I have done as a provision for my journey to meet You in the after life.

If anyone wishes to say something to me, just send me a prayer that I may have a safe journey meeting my Creator.Amen"

Wahhhh......that uban man still has the egg to fight huhhh ..... real pahlawan bugis one laaa..... Hearsay only that Justo guy is at the same building today.... hope they will meet provided that pahlawan bugis still carry his 2 eggs with him ..... tngok dia kasi hantammm sama itu justo kaaaaa.... Waakakaka .....

The past regime have been labelled by the West as a kleptocracy govtThis spring cleaning by the new govt can eventually balance the nation's trust deficeitIt is not a witch hunt but reforms to propel this nation forwardThird world countries contributed 50% to the global GDPAs citizens of the world,by imposing OSA/FAKE NEWS will only hinders progress

Hi Annie,Talking about fight back, Shadidan fight back Raja of Perlis, BN even worst then Pakatan. In Johor, then the choice of PH MB, Sultan Johor choose the worst one not like by PH majority, they also accept the choice. Because that is the right of the Sultan to choose given options to him, of course, this also involve some give and take attitude and discussion each party respect their own right. Look at Perlis, wow.....the ameno MP Shadidan act like a gangster, this is the guy work as a lookout for Najib at the airport when Najib wanted to run to Indonesia......super biadap, and they say DAP want to dissolve into republic...the worst behave biadap to institution of ruler is umnno themselves. Bad attitude as well as corrupt. He thought asking the Sultan that his brother to be installed as MB, so he can get contract in Perlis easily and make the MB his puppet.

Azlan Man is an example of a competant MBLast year he had resolved many issues pertaining to land tilesSome dated as long as 20 to 30 years agoLand title were issued to respective decendentsMany happy rakyat of Perlis

Former prime minister Datuk Seri Najib Razak has only himself to blame for turning his legacy to “rubbish”, said Tan Sri Rafidah Aziz.

The former international trade and industry minister known for her bluntness said in an interview with BFM today that Najib’s name was now synonymous with shame and disgrace.

“His legacy is rubbish. Scandals after scandals that cannot be explained, and scandals after scandals that pointed to greed, avarice, wanting to use money for power and not really governing but governing by slogans."

For Malaysians especially the Malays who are so used to the government handouts such as BR1M,e-kasih and whatever it is must be waiting with bated breath to see whether this new government will be as generous as the previous government.It is difficult to change their mindsets.As the 1.6 million government servants they received their first shock when the government decided not to honour the promise made by the previous government to give an additional increment.I have always wanted to say this to them 'padan muka'Prof Kangkung